Trident Digital Tech Holdings Ltd. (NASDAQ: TDTH) announced its unaudited financial results for the six months ended June 30, 2025, on September 23, 2025, reporting total revenues of $36,612. This represents a substantial 90% decline from $378,839 in the same period of 2024.
The revenue contraction was primarily due to the strategic phasing out of business consulting revenue, which became nil, and a 91.68% fall in IT customization revenue to $22,106. Revenue from the new blockchain-based Tridentity platform grew 675% to $14,506, but this was insufficient to offset declines in legacy segments.
The company reported a net loss of $11.27 million for H1 2025, a 485% increase from a net loss of $1.927 million in H1 2024. This escalating loss was largely driven by a 588% increase in general and administrative expenses, reaching $10.52 million, which included $6.9 million in non-employee share-based compensation.
Gross profit for H1 2025 slightly decreased to $17,643 from $18,449 in H1 2024. Soon Huat Lim, CEO, stated that the H1 2025 financial performance was marked by substantial strategic investments focused on long-term value creation.
He expressed confidence that these investments and strategic positioning, coupled with multiple revenue catalysts on the horizon, will drive sustainable growth and create meaningful shareholder value. Recent developments include the definitive PPP agreement with the DRC for 'DRCPass' and the acquisition of a 30% equity stake in Tongxin Innovation Limited.
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